(eBook PDF) Foundations of Economics 4th Edition – Digital Ebook – Instant Delivery Download
Product details:
- ISBN-10 : 0198739885
- ISBN-13 : 978-0198739883
- Author: Andrew Gillespie (Author)
The book is divided into two clear parts to help students navigate and connect the main principles of economics. Part one focuses on microeconomics and individual markets, by analysing topics such as demand, supply, costs, competition, and the free market. This ensures students have a sound grasp of the key microeconomic theories underpinning the subject. The second part of the book then tackles macroeconomic issues and the wider economy, by exploring contemporary topics including fiscal policy, unemployment, inflation, economic growth, and international trade.
The fourth edition offers increased coverage of European and international issues, including more comparative examples between the UK and other global economies and two new sections on the role of the European Central bank and on austerity. To further build the accessibility of the book more step-by-step numerical examples have been included to demonstrate the application of theory, as well as additional real-world case studies of varied lengths, including some longer end of chapter cases that enable students to test and apply their understanding in more detail. The book offers a wealth of carefully designed learning tools to build a sound knowledge of economics in a step-by-step approach. Both accessible and comprehensive, this is must-read textbook for those looking to understand more about a subject that has a real and significant impact on our day-to-day lives.
Table contents:
Part 1: Microeconomics
1:What is economics?
2:The production possibility frontier (PPF)
3:Demand
4:Behavioural economics
5:The elasticity of demand
6:Supply
7:Market equilibrium
8:The free market system
9:Intervening in the market system
10:Costs: Short run and long run
11:Revenues, costs, and profits
12:Perfect competition
13:Monopoly
14:Oligopoly
15:Monopolistic competition and non-price competition
16:The labour market
Part 2: Macroeconomics
17:Introduction to macroeconomics
18:Equilibrium in the economy
19:National income and the standard of living
20:Demand side and supply side policies
21:Influences on aggregate demand: Consumption
22:Influences on aggregate demand: Investment
23:Influences on aggregate demand: Government revenues and taxation
24:Influences on aggregate demand: International trade, globalization, and exchange rates
25:Government objectives: Economic growth and the economic cycle
26:Unemployment
27:Money
28:Government objectives: Managing inflation
29:Government objectives: Achieving a favourable trade position
30:Government policies to achieve objectives
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